32-3-44. Release on discharge of lien--Liability for failure to release--Delivery of certificate after entry of discharge.
If a lien is discharged, the lienholder shall execute a release within twenty days after final payment is received. The release shall contain the vehicle identification number or the certificate of title number, and the owner's name. The lienholder shall deliver the release along with the certificate of title if held by the lienholder, to any county treasurer. The treasurer shall note the cancellation of the lien on the face of the certificate of title and on the same day shall notify the secretary. The secretary shall cancel the lien on the state's computer system, if the county treasurer has not done so. If the certificate of title is lost as set forth in §32-3-29, application for duplicate title may be forwarded along with the release to the department. The department shall cancel the lien. For failure to comply with these provisions relating to releasing a lien, the lienholder is liable to the owner for all damages sustained by the owner. The county treasurer shall mail or deliver the certificate of title to the owner, or as otherwise directed by the owner. Upon the satisfaction of a security interest in a motor vehicle, trailer, or semitrailer for which the certificate of title is in the possession of the owner, the secured party shall within twenty days after final payment is received, execute a release of security interest on the form prescribed by the department and mail or deliver such release to the owner or as otherwise directed by the owner.
Source: SDC 1939, §44.0203 (1) as added by SL 1951, ch 229, §3; SL 1965, ch 186, §3; SL 1989, ch 257, §40; SL 1990, ch 229, §5; SL 1993, ch 219, §4; SL 2003, ch 160, §7; SL 2013, ch 135, §2; SL 2017, ch 128, §5.
Structure South Dakota Codified Laws
Chapter 03 - Title Registration Liens And Transfers
Section 32-3-1 - Definition of terms.
Section 32-3-2 - Applicability.
Section 32-3-2.3 - Mopeds exempt.
Section 32-3-2.4 - Farm vehicles exempt--Exceptions.
Section 32-3-4 - Eligibility for license--Mobile and manufactured homes exempt.
Section 32-3-6 - Ownership passing by operation of law--Burden of proof.
Section 32-3-12 - Operation or possession of vehicle without certificate as misdemeanor.
Section 32-3-13 - Sale or transfer without certificate as misdemeanor.
Section 32-3-14 - False statement in application--Felony.
Section 32-3-16 - Uniform method of numbering certificates--Retention of documents by department.
Section 32-3-17 - Validity of certificates previously issued--Issuance of new certificate.
Section 32-3-18 - Application for certificate--Contents--Fee--Assignment of previous certificate.
Section 32-3-18.1 - Administration fee--Title applications processed by mail.
Section 32-3-19 - False swearing in connection with certificates--Perjury--Punishment.
Section 32-3-22.1 - Fee for assignment of vehicle identification number.
Section 32-3-23 - Application for original certificate--Contents--Supporting documents.
Section 32-3-24 - Burden of proving ownership--Issuance of certificate.
Section 32-3-26 - Time for filing application for certificate--Vehicles in dealer's stock.
Section 32-3-28 - Issuance of certificate in paper or electronic form--Notation of liens.
Section 32-3-29 - Lost certificates--Fee for duplicate.
Section 32-3-30 - Certificate to show chain of title--Exceptions.
Section 32-3-30.1 - Odometer information on certificate--Required on sale--Falsification as felony.
Section 32-3-30.2 - Abstract of title history or damage disclosure statements--Fee.
Section 32-3-32 - Dealer's acceptance of out-of-state certificates.
Section 32-3-34 - Assistance by county treasurer.
Section 32-3-36 - All lien spaces filled--Issuance of new certificate.
Section 32-3-38.3 - Dealer required to utilize electronic title file system.
Section 32-3-39 - Deposit of security interest instrument not required.
Section 32-3-40 - Security interests created prior to enactment of statute.
Section 32-3-45 - Fees for notation.
Section 32-3-46 - Enforcement of liens--Filing for record not necessary--Notice of sale.
Section 32-3-51.6 - Rebuilt title.
Section 32-3-51.11 - Retention of damage disclosure statement by department--Part of title history.
Section 32-3-51.13 - Rebuilt or salvage vehicle--Application for junking certificate--Inspection.
Section 32-3-51.17 - Junking certificate for nonrebuildable vehicle.
Section 32-3-51.19 - Salvage vehicle defined--Application.
Section 32-3-51.22 - Recovered stolen vehicles--Inspection--Title--Salvage vehicle.
Section 32-3-52 - Surrender of indicia of ownership by dealers, salvage yards, and others.
Section 32-3-53.2 - Inspection of restored or rebuilt vehicles.
Section 32-3-53.4 - Trailer defined.
Section 32-3-56 - Special seal--Forms furnished by secretary.
Section 32-3-62 - List of vehicles sold at auction--Copy of title--Violation as misdemeanor.
Section 32-3-64 - Titling vehicles eleven years old or more with no existing record.
Section 32-3-66 - Certain motor home transport uses not deemed private business uses.
Section 32-3-69.1 - Electronic title system for motor vehicles.
Section 32-3-71 - Low-speed vehicles.
Section 32-3-75 - Title issued to auction agency--Notice of right to reclaim.
Section 32-3-77 - Issuance of title to insurer unable to obtain title after payment of total loss.